The company will keep prices for its main product, H-shaped
beams used in construction, at 65,000 yen ($631.70) per tonne
and prices for steel bars, including rebar, at 47,000 yen a
tonne.

The company cut product prices by up to 13 percent for
October.

"The last month's price cut has helped diminish market
speculations that prices would go further down, but overall
demand is not resilient enough to bolster prices," Tokyo Steel's
managing director, Kiyoshi Imamura, told reporters on Monday.

Local demand is expected to improve late this year or early
next year as construction for the 2020 Summer Olympic Games and
redevelopment projects in the Tokyo metropolitan area are set to
start next summer, Imamura added.

NEW YORK, Dec 9 A Gabonese man who prosecutors
say acted as a "fixer" for a joint-venture involving the hedge
fund Och-Ziff Capital Management Group LLC pleaded
guilty on Friday to U.S. charges that he engaged in a foreign
bribery scheme.